Synchrony Financial (NYSE:SYF) Given New $66.00 Price Target at UBS Group

Synchrony Financial (NYSE:SYF - Get Free Report) had its target price lifted by stock analysts at UBS Group from $58.00 to $66.00 in a report released on Monday,Benzinga reports. The firm presently has a "neutral" rating on the financial services provider's stock. UBS Group's price target would indicate a potential upside of 1.73% from the stock's previous close.

Several other equities analysts have also weighed in on SYF. Keefe, Bruyette & Woods raised their price objective on shares of Synchrony Financial from $62.00 to $82.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Evercore ISI upped their price objective on shares of Synchrony Financial from $58.00 to $65.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Compass Point raised their target price on Synchrony Financial from $60.00 to $77.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft upped their price target on Synchrony Financial from $58.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group raised their price objective on Synchrony Financial from $72.50 to $82.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $65.45.

Synchrony Financial Stock Up 1.7 %

Shares of NYSE:SYF traded up $1.11 during trading on Monday, reaching $64.88. 2,712,728 shares of the company traded hands, compared to its average volume of 2,598,236. Synchrony Financial has a 1-year low of $35.29 and a 1-year high of $69.39. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.06. The firm has a market cap of $25.26 billion, a P/E ratio of 8.47, a price-to-earnings-growth ratio of 0.82 and a beta of 1.64. The firm has a fifty day simple moving average of $65.72 and a 200 day simple moving average of $55.38.

Synchrony Financial (NYSE:SYF - Get Free Report) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.77 by $0.17. Synchrony Financial had a return on equity of 16.64% and a net margin of 13.98%. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The business's quarterly revenue was up 9.8% compared to the same quarter last year. Analysts anticipate that Synchrony Financial will post 6.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jonathan S. Mothner sold 34,163 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $64.99, for a total value of $2,220,253.37. Following the completion of the transaction, the insider now directly owns 127,587 shares of the company's stock, valued at approximately $8,291,879.13. This represents a 21.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Curtis Howse sold 21,934 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $55.13, for a total value of $1,209,221.42. Following the completion of the sale, the insider now directly owns 99,743 shares in the company, valued at approximately $5,498,831.59. This represents a 18.03 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC grew its holdings in shares of Synchrony Financial by 92.7% in the 3rd quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider's stock worth $30,000 after purchasing an additional 292 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in Synchrony Financial in the second quarter valued at about $31,000. Ashton Thomas Private Wealth LLC bought a new stake in Synchrony Financial during the second quarter worth about $39,000. Quarry LP increased its holdings in shares of Synchrony Financial by 301.3% during the third quarter. Quarry LP now owns 899 shares of the financial services provider's stock worth $45,000 after buying an additional 675 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Synchrony Financial in the third quarter valued at approximately $50,000. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Company Profile

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.